FAR Intercompany transactions (consolidation) & other unpleasant topics

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  • #158091
    Anonymous
    Inactive

    I was wondering if Intercompany Transactions are a heavily tested area on the exam. I score pretty low on this topic as well as other odd Becker topics (some unusual inventory methods, pension deffered tax…). My exam is in 3 days so I don’t wanna get into it too much right now unless it’s important. Thanks!

    This exam is just too much info!

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  • #233641
    Anonymous
    Inactive

    Nasty, nasty topics.

    There may or may not be a question or two, you just never know. The chances of getting 3 questions on inventory are pretty good, but I wouldn't count on having to thoroughly know the more complex stuff like what's in the appendix of F4.

    The examiners will get you. You may not see a multiple choice question at all on something complex and then you end up getting a simulation on it.

    Just try to know what you can. There are just some topics I don't get, but haven't seen any questions yet, so I am blowing those off. You don't have much time left so try to focus on the basics and make sure you are strong on those before wasting too much time on the really difficult stuff. There will definitely be some complex problems but for the most part, FAR tests the basics.

    Good luck on Friday!

    #233642
    Anonymous
    Inactive

    FAR is very random on what they hit and what they hit hard. The variety and quantity of topics makes it hard to focus or give a straight answer I'm afraid.

    If you have the rest of the topics down good it would be worth spending some time on. If you have a broad range of topics to review then your time might be better spent there.

    #233643
    Anonymous
    Inactive

    i also HATE Intercompany transactions. Glad Im not the one who feels like this.

    #233644
    Anonymous
    Inactive

    Thanks all for your input. I'm going to focus on what I know well so at least I get the “basics” questions right. Good luck to everyone!

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